Clubby London Trading Scene Fostered Libor Rate-Fixing Scandal

LONDON—Neil Danziger's trades for Royal Bank of Scotland Group PLC generated rich commissions for the brokers who handled them.

In return, brokers at London's Tullett Prebon PLC took Mr. Danziger to London strip clubs and spent long weekends with him in Las Vegas, according to people familiar with the relationship. Brokers at R.P. Martin Holdings Ltd., another London firm, gave him early access to lucrative trades, these people say....